BTC appears to be creating a classic head and shoulders pattern off of Ehlers' MA cloud on the daily price chart. Price has bounced off of both the Daily MA cloud and the 4H MA cloud. If this pattern confirms, it may project BTC above the 10K range.
Anytime is not late to buy BTC. Timing is important for to buy BTC. It has new top point now. You can see its up trend on graphic. If you have position you can hold your position until price does not come under 4639$. If you do not have position and if you want to buy BTC you can open position as put stop loss to 4639$. This point is important for BTC. If it comes...
My only guess given the attraction for cryptocurrencies, is an upward breakout, but who knows if there'll be further retracement so waiting has it's importance although I'm already positioned. Around 0.618 profits have been taken, so I guess we can continue the journey to the moon ! Cheers, and don't forget to hold bitcoins ;)
Actually "THEY" never left. The volume of Chinese Yuan moving into Bitcoin is off the charts. It's ten to fifteen times larger than the previous Yuan devaluation I noted with the May 23 "Chinese Insiders" chart tag. The current round of volume and valuation have not been completely reflected in the BTC/USD chart. The US investors are still asleep. There is...